Commonwealth Equity Services LLC Has $292.58 Million Stock Holdings in Exxon Mobil Co. (NYSE:XOM)

Commonwealth Equity Services LLC lessened its holdings in shares of Exxon Mobil Co. (NYSE:XOM - Free Report) by 0.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,495,954 shares of the oil and gas company's stock after selling 4,817 shares during the period. Commonwealth Equity Services LLC owned 0.06% of Exxon Mobil worth $292,576,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in XOM. Patron Partners LLC boosted its holdings in Exxon Mobil by 7.4% in the second quarter. Patron Partners LLC now owns 37,297 shares of the oil and gas company's stock valued at $4,294,000 after acquiring an additional 2,564 shares during the last quarter. YHB Investment Advisors Inc. boosted its stake in shares of Exxon Mobil by 5.9% in the 2nd quarter. YHB Investment Advisors Inc. now owns 32,751 shares of the oil and gas company's stock valued at $3,770,000 after purchasing an additional 1,836 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Exxon Mobil by 79.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 859,226 shares of the oil and gas company's stock worth $98,914,000 after buying an additional 380,399 shares during the period. Blair William & Co. IL raised its stake in shares of Exxon Mobil by 64.6% during the second quarter. Blair William & Co. IL now owns 967,618 shares of the oil and gas company's stock worth $111,392,000 after buying an additional 379,747 shares during the last quarter. Finally, Lloyd Advisory Services LLC. raised its stake in shares of Exxon Mobil by 407.5% during the first quarter. Lloyd Advisory Services LLC. now owns 24,115 shares of the oil and gas company's stock worth $2,804,000 after buying an additional 19,363 shares during the last quarter. 61.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on XOM. Scotiabank raised shares of Exxon Mobil from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $129.00 to $145.00 in a report on Thursday, October 10th. Truist Financial decreased their price objective on Exxon Mobil from $121.00 to $117.00 and set a "hold" rating for the company in a research note on Monday, September 30th. Royal Bank of Canada reissued a "sector perform" rating and issued a $120.00 target price on shares of Exxon Mobil in a research note on Tuesday, October 8th. Mizuho boosted their target price on Exxon Mobil from $128.00 to $130.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Finally, Morgan Stanley cut their price target on shares of Exxon Mobil from $145.00 to $142.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.44.

Exxon Mobil Stock Down 0.3 %

XOM stock traded down $0.34 during trading hours on Friday, reaching $120.01. 12,898,640 shares of the stock were exchanged, compared to its average volume of 16,610,895. The company has a market cap of $473.20 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 5.02 and a beta of 0.89. The firm's 50-day moving average is $117.39 and its 200-day moving average is $116.47. Exxon Mobil Co. has a 12 month low of $95.77 and a 12 month high of $126.34. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.36 and a quick ratio of 1.01.

Exxon Mobil (NYSE:XOM - Get Free Report) last posted its quarterly earnings data on Friday, August 2nd. The oil and gas company reported $2.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.10. Exxon Mobil had a return on equity of 16.07% and a net margin of 9.73%. The business had revenue of $93.06 billion during the quarter, compared to the consensus estimate of $90.09 billion. During the same period last year, the company earned $1.94 earnings per share. Exxon Mobil's quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Exxon Mobil Co. will post 8.11 earnings per share for the current year.

Exxon Mobil Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were given a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date was Thursday, August 15th. Exxon Mobil's dividend payout ratio is presently 46.57%.

Exxon Mobil Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.